In economics, the principle of diminishing returns to input posits that, ceteris paribus, an increase in the quantity of a given input applied to the production of a good or service will ultimately yield less and less marginal product over time.
In economics, the principle of diminishing returns to input posits that, ceteris paribus, an increase in the quantity of a given input applied to the production of a good or service will ultimately yield less and less marginal product over time.